Technical analysis by MrHenryFx about Symbol PAXG: Buy recommendation (3/24/2025)

MrHenryFx

This chart presents a detailed technical analysis of Gold (XAU/USD) on the 30-minute timeframe. A symmetrical triangle pattern is forming, indicating a potential breakout. The price is currently near the support zone, and a bullish move is expected towards key take-profit levels:TP1: 3025TP2: 3032TP3: 3040Final Target: 3045A strong resistance zone is marked around the 3050 level, while the support zone provides a solid foundation for potential price rebounds. The recommended stop-loss level is set at 3005 to manage risk effectively.Traders should watch for a confirmed breakout before entering positions. A breakout above the triangle could lead to a bullish rally, while a breakdown may trigger further declines. Stay updated and trade wisely!TP1 HIT SUCCESSFULLY WAITING FOR NEXT TP